Gortnaghey Community Association Trustees Annual Report (ineluding Direetors, Report) Information Page Company Informydtion Company No." N1056271 Charity No. NII 02242 Principal and Registered Office 81 Gortnaghey Road Gorlnaghey Dungivcn BT47 4PZ Directors and Trustees Donal Brolly (Dcccascd 3, January 2023) Liam Burke Carmel Hogan Sarah Mcmanus Nolene Burke Companv Secretary Eiihn¢ Burke Accountants EM Accountants 2 Floor Gortalowry House 94 Church Strcct Cookstown BT80 8HX Bankers Ulster Bank 83 Main Street tyungivcn BT47 4LE
Gortnaghev Communitv Association Trustee's Report (including Directors, Report) For the Trear ended Febru8r)' 28, 2023 The truslees who are also directors of the company for the purSeS of the Companies Act 2006, present their annual report and accounts for the year ended FebTUary 281h 2023. The inforniation with respect to trustees, directors, oificers and advisers set out on the infonnation page, forn)s part of this rcport. The financial slalcmcnts comply wilh currenl slalulory r¢quir¢m¢nls, th¢ Mcmorandum and Articles of Association, applicable Accounting Standards in thc Unitcd Kingdom and the Staterncnt of Rccommcndcd Practice (SORP) "Accounling and Reporting by Charities", (FRS 02). Reference and Administration Details Gortnagh¢y Community Association is a charilablc company litnited by guarant¢¢, incory)orated on 18ih Au¥us12005. Ir is registered with the Company's Registrar under registration number N1056271.It is also rcgistered as a charity with thc Charity Commission Nl, NICI 02242. The trusiees and secretary of Ihe chariry are listed on the infom)ation page. The principal and registered otTi¢e of the ¢hatiiy are also lisied on the information pa¥e together with the details of the professional advisors and bankcrs. Risk Management The direLtors in conjunction with the management team, have reviewed the risks to which the charity is exposed and have cstablishcd systems and procedurcs lo mitigatc those risk5. Objectives and Activities In shaping our objcctivcs for thc ycar and planning our activitics. thc trustccs havc considcrcd thc Charity Commission guidance on public benefil. The principal activity of the company is to promote ihe benefit of the inhabitants of the area of Gortnaghey and it's environs wiihout distinciion of %ex, rnce or political, ieligiou$ 01 oihei opinions by as%ociaiing with the statutory authoritie8, voluntary organisations and inhabitants in a common effort lo rclicve poverty. advance cducation. preserve and protect health and providc facilities in theinterest of social welfare for recreation and other leisure time occupations with the object of improving condiiions of life for the said inhabitants. Th¢ company opcratcs a communily c¢ntrc for us¢ by all groups in ihe community. It provides a range of cducational and recreational classes. The company holds iveekly social events for the elderly and a youth club for the young people of the area. It provides a fax and photoeopying 8ervice and act% as a %ignpo%i for other setvices and provides a free advice cliTJiC. It provide% acccss to an outdoor recreationallsporting facility for all mcmbers of the community. which consists of a play-park. walkway. 3G pitch and green space. It provides opportunities for people to get involved involunteering and it has annual seasonal and outdoor events to bnng the communiry together. Local communiry groups are our main users, plus Sure Strdrt and the Rural Women's Network. Aehievement5 Perfortnance Our outdoor facilities continue to be a very popular destination for visitors, plus the Centre continues to be used weekly for children's birthday parties. Our partnership wirh the Rural Women's Network over the last year has seen the weekly delivery on Monday and Wednesday evenings of a range of iecreaiional classes, plu% our partner%hip with Benbrndagh Community Resouice ha% seen our Youth Club engage in a range of activities such as tnartial arts, tircus skills and outings. Bringing the Big Bus for Cancer Scrcening to th¢ Centr¢ was also a vcry wclcomc achicvement this year. Plans to dcvclop a pcrniissive path to connect thc villag¢ and local GAC ground5 is in progrcss.
Gorthaghev Community Association Trustee's Report (including Directors, Report) For the vear ended Februarv 28th 2023 -continued Financial Review The statemeni of financial activities for the year is set out on page 7 of the financial statements. Asummary of the financial results of the charity is scl out bclow= Overall Summary Incoming Resources Total Resources Expcnded Surplus/{Deficit) for ihe Period 50.217 102 755 (52 538) Reserves Policy The charity's policy on restricted funds is to separately record donations, grants and other sources of funding where restrictions are imposed on ih¢ir use by Ihc donor. Thc Iruslc¢s hav¢ ¢5tsbli5hcd a policy {which will be revicwcd on an annual basis) whereby the unrestricted funds not committed or ini'ested in tangible fixed assets or designated for specific purposes ("the free reserves") held by the char]ry should equate to approximately six months of the resource% expanded. Jn additions to this the trustees sct a target of £1 0.000 io be hcld as a reserye to ensure ihat thcrc arc sutTici¢nt funds to keep thc property in good repair and to cover estimatcd redundancy costs. This equates to £26.949 in general nds. At ihis level, the trustees considcr that they would be able to continue Ihe eurrent activities of Ihe chariry in the event of a significant drop In income. Jt would also bc necessary to consider how that incom¢ would b¢ rcplaccd. Ai the balancc shcct date frce rcscrvcs, which amount to £67,945 (£321,146 less £253,201 re tangible fixed assets) exceed the minimum target level by £40,996. The trustees hope to usc these funds to a%sist with ihc d¢v¢lopTn¢nt of lh¢ villa¥¢ acliviry hub. Plans for Future Periods In thc prcscnt cconomic climatc, it is thc company's intcntion to maintain and dcvclop its currcnt activitics. Thc company will continue to seek opportunities to expand in the areas which are compatible to the eihos and objectives of the company. We are currently working with Caus¢way Coast and Gl¢n5 on a project, which if successful will see thc construction of perniissivc pathway, which will link the villagc with the GAC grounds. Thc National Lottery funding for the Enriching Rural Communities, a joint project wirh neighboring Bumfoot finished in Augusi 2023 and we plan to reapply. Structure, Governence and Management Gortnaghcy Community Association is a company limitcd by guarantce and rcgistcrcd as a charity with the Charity Commission N.1.. In tenns of company law. charity law and day to day activities, thccompany is an independent entity. The tru8tee8 meet regularly to direct the operations of the charity- The chariry has 2 part time employees. An Annual General Mccting is h¢ld ¢very y¢ar, and a paTtcl comprising of cxistingtrustCC5 nominates individuals for the Board. Trustees serve for a one year period and may be re-elected for further one year periods. The trustees who served during the year ended Febnry28[h 2023 are listed on the infornMtion page. Changes in Fixed Assets The mov¢ments in fixed asscts during ihe ycar are set out in thc notcs to the financial statement5 Taxation As a charity, the company is not liable for corporation tax on its other income or on capital gains to the extent that these are applied to it% Lhariiable objective%.
Gortnaghey Communitv Assoeiation Trustee's Report (including Director5, Report) For the )'ear ended Febrllan 28, 2023 -Continucd Statements of Trustees Responsibilities in respect of the Annual Report and the Finaneial Statements Thc Trustees are responsible for keeping proper accounting rccords that disclose with reasonable accuracy at any time the financial position of the chariry and to enable them to ensure thai the financial statements comply with the Companies Act 2006. Th¢ Trustees ar¢ also responsibl¢ for safeguarding ihe assets of ihe charity and hcncc taking reasonable steps for thc prevention and detection of fraud and other irregularities. select suitable accounting policies and apply them consistently, observe methods and principles of the chanties SORP, state whether applicable UK Accounting Standards have been followed, subject to any rnaterial departure disclosed and cxplain¢d in th¢ finanrial statcmcnts, and prepare the financial statements of the going concern basis unless it is appropriate to presume that the company will continue in the business. In Gratitude The trustccs wish to convcy thcir sincere ihanks to the many voluntcers and staff who havc sogenerously given thcir sUPPOrt to the charity. With their suPrt the trustees Ii)ok forward to continuing to enhance the delivery of charitable services of the company. Wc also Wlsh to offcr thanks lo ihe many fund¢TS who hav¢ 5UPPQrtcd our project5 throughout the year. The above report ha8 been prepared in accordance with the provisTon8 applicable to companies%ubject to the small companies rcgime as set out in Part 15 of thc Companics Act 2006 and in accordance with ihe Charitics SORP (FRS 102). Thi5 rcport was approvcd by lh¢ ITuslc¢s on Oclobcr 12, 2023 and signed on their behalf by= Cannel Hogan Trustec